The board of directors of Weigang Environmental Technology Holding Group Limited announced that Mr. Deng Zhaoshan (Mr. Deng) has resigned as an executive Director of the Company with effect from 9 September 2022 due to change of job duties, as he will focus on the business operation of certain subsidiaries of the Group which he will remain as the director of those subsidiaries. Mr. Deng has confirmed that he has no disagreement with the Board, and there are no other matters in relation to his resignation that need to be brought to the attention of The Stock Exchange of Hong Kong Limited (the Stock Exchange) and the shareholders of the Company. The Board announced that with effect from 9 September 2022, Mr. Li Kaiyan (Mr. Li) has been appointed as an executive Director of the Company with the recommendation of the nomination committee of the Board (the Nomination Committee).

Mr. Li, aged 48, has over 25 years' experience in corporate operational management, internal control and internal audit in the industry the Company engaged in. Mr. Li possesses extensive experience in providing corporate operational management, internal control and internal audit to listed companies. Mr. Li first joined Group in September 2022 as an executive director of Shenzhen Xinnengji Technology Limited (Shenzhen Xinnengji), an indirect 90% owned subsidiary of the Group.

Prior to joining the Group, Mr. Li served as a president assistant in Dongjiang Environmental Company Limited, from August 2004 to August 2020, the shares of which are listed on the Stock Exchange and the Shenzhen Stock Exchange. During such term of office, Mr. Li was mainly responsible for operational management, results assessment, internal control and risk management. In particular, Mr. Li had been designated as the principal of internal audit from October 2012 to October 2016 in such term of office.

From September 2020 to July 2022, Mr. Li served as vice president in Ningbo Nuoke Environmental Technology Co. Ltd. In July 1997, Mr. Li graduated from Wuhan Institute of Technology. Mr. Li also obtained a master degree in business administration from City University of Macau, previously named as Asia International Open University in January 2010.

The Board further announced that with effect from 9 September 2022, (i) Mr. Feng Tao (Mr. Feng) has resigned as an independent non-executive Director in order to devote more time to his other personal affairs and career commitments; and (ii) Mr. Jiang Guoliang (Mr. Jiang) has resigned as an independent non-executive Director in order to pursue his other personal engagement and career commitments. Both Mr. Feng and Mr. Jiang have confirmed that they had no disagreement with the Board, and there are no other matters in relation to their resignation that need to be brought to the attention of the Stock Exchange and the shareholders of the Company.